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Question 1

Which of the following places power in the hands of customs officials

Selected Answer: B. Quotas

Question 2

Specific government actions that promote trade include all except

Selected Answer: B. Import loans and tax credits

Question 3

The idea behind Foreign Direct Investment is to buy physical assets or a significant amount

of ownership of a firm in another nation to gain a measure of managerial control.

Selected Answer: True

Question 4

Which of the following is an economic and trade sanctions against targeted foreign

countries, groups, organizations, and individuals; can be motivated by political, economic,

or moral reasons.

3.2 out of 3.2

points

3.2 out of 3.2

points

3.2 out of 3.2

points

3.2 out of 3.2

points

Review Test Submission: Quiz 2 11/18/12 10:56 AM

http://bb7.liberty.edu/webapps/assessment/review/review.jsp?attempt…rse_id=_1837753_1&content_id=_17782220_1&return_content=1&step=null Page 2 of 3

Selected Answer: C. Embargoes

Question 5

Which of the following is designed to raise revenue for governments and provide a

competitive advantage for domestic businesses?

Selected Answer: D. Tariffs

Question 6

Which theory is related to the following statement: Operations of production are moved to a

less-developed nation and the cycle is complete as highly-developed nations become

importers of this product.

Selected Answer: C. International Product Life Cycle Theory

Question 7

International trading is very important to a nation because It generates business and

government revenue, and it promotes varying levels of trust between trading partners

Selected Answer: True

Question 8

The three factors that can affect the international Balance of Payments (BOP) and either

create or reduce surpluses and deficits are Price of domestic goods,Trade agreements, and

taxes and tariffs.

Selected Answer: True

Question 9

Within the legal aspects of international business the types of laws used across nations are

Common,...